Short Interest in Eos Energy Enterprises, Inc. (NASDAQ:EOSEW) Increases By 6.5%

Eos Energy Enterprises, Inc. (NASDAQ:EOSEWGet Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 24,600 shares, an increase of 6.5% from the February 29th total of 23,100 shares. Based on an average trading volume of 23,500 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Ionic Capital Management LLC acquired a new position in Eos Energy Enterprises during the first quarter worth $25,000. Walleye Trading LLC bought a new stake in Eos Energy Enterprises during the 3rd quarter worth about $149,000. Cowen AND Company LLC lifted its position in Eos Energy Enterprises by 86.2% during the 4th quarter. Cowen AND Company LLC now owns 925,273 shares of the company’s stock worth $185,000 after buying an additional 428,426 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Eos Energy Enterprises during the 3rd quarter worth about $265,000.

Eos Energy Enterprises Price Performance

Shares of EOSEW stock remained flat at $0.16 during trading hours on Wednesday. 1,119 shares of the stock traded hands, compared to its average volume of 22,924. Eos Energy Enterprises has a 52 week low of $0.10 and a 52 week high of $1.88. The company has a 50 day moving average of $0.18 and a 200 day moving average of $0.25.

About Eos Energy Enterprises

(Get Free Report)

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.

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